The Youth Employment Agency (YEA) has inked a memorandum of understanding (MoU) with the National Entrepreneurship Innovation Plan (NEIP) under which it will help create 10,000 Youth entrepreneurs in the country.
The objective seeks to inculcate entrepreneurial skills in the youth as well as help create sustainable jobs to end youth unemployment in the country.
The partnership which was entered into on Tuesday, January 21, 2020 with the signing of a Memorandum of Understanding (MoU) between the two State agencies, is aimed at providing sustainable jobs to Ghanaian youth nationwide.
Under the partnership, about 10,000 who are at the exit stage of YEA’s programmes would be trained and provided the necessary know-how to come out with innovative and sustainable business plans.
The plans to be accepted by the two agencies as sustainable and innovative, are to be funded with various amounts by NEIP under the Presidential Business Support Programme.
John Ampontuah Kumah, Chief Executive Officer (CEO) of NEIP and Justin Kodua Frimpong, CEO of YEA, signed the MoU on behalf of their respective Institutions at a short ceremony held at the head office of YEA.
Mr. Kumah in a short remark before the signing of the MoU, started that the partnership is in pursuance of President Akufo-Addo’s vision of providing decent and sustainable jobs for Ghanaian youth.
“So after the training, NEIP is going to support the innovative ideas that will be selected as a result of the training and we are going to fund them from the Presidential Business Support Fund”.
He said the training will last for a period of one year.
Meanwhile, Mr. Kodua Frimpong observed the need to help the youth create sustainable jobs.
“We believe the collaboration between the YEA and the National Entrepreneurship Innovation Plan – NEIP will mean taking the Youth Employment Agency to a different level whereby the youth of this country and as I’ve indicated those who have gone through our various models to get firsthand opportunity to go through the entrepreneurship training from NEIP/YEA then we look at how best we can even help them to venture into new life so that it will not be like people went through our models and have exited and there’s no exit package for them”.